Rocky Brands (NASDAQ:RCKY) Lifted to “Hold” at StockNews.com

Rocky Brands (NASDAQ:RCKY – Get Rating) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Separately, BTIG Research started coverage on Rocky Brands in a research note on Monday, February 6th. They issued a “neutral” rating on the stock.

Rocky Brands Stock Down 3.5 %

NASDAQ RCKY opened at $25.87 on Tuesday. The stock’s 50-day moving average price is $28.29 and its 200-day moving average price is $25.38. The company has a quick ratio of 1.00, a current ratio of 3.01 and a debt-to-equity ratio of 1.34. Rocky Brands has a 52 week low of $18.00 and a 52 week high of $47.13. The company has a market capitalization of $189.63 million, a P/E ratio of 9.34 and a beta of 1.15.

Insiders Place Their Bets

In other Rocky Brands news, Director James L. Stewart sold 2,000 shares of Rocky Brands stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $24.49, for a total value of $48,980.00. Following the sale, the director now owns 17,238 shares of the company’s stock, valued at approximately $422,158.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On Rocky Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in Rocky Brands by 1.6% during the 2nd quarter. FMR LLC now owns 735,166 shares of the textile maker’s stock valued at $25,128,000 after acquiring an additional 11,318 shares during the period. Raymond James & Associates lifted its holdings in shares of Rocky Brands by 11.9% in the 4th quarter. Raymond James & Associates now owns 595,361 shares of the textile maker’s stock worth $14,062,000 after buying an additional 63,508 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Rocky Brands by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 562,716 shares of the textile maker’s stock worth $13,292,000 after buying an additional 16,253 shares during the period. Royce & Associates LP lifted its holdings in shares of Rocky Brands by 10.2% in the 3rd quarter. Royce & Associates LP now owns 303,783 shares of the textile maker’s stock worth $6,094,000 after buying an additional 28,154 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Rocky Brands by 61.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 143,275 shares of the textile maker’s stock worth $2,874,000 after buying an additional 54,593 shares during the period. Hedge funds and other institutional investors own 75.96% of the company’s stock.

About Rocky Brands

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Rocky Brands, Inc engages in the design, manufacture, and marketing of footwear and apparel. Its brands include Rocky, Georgia Boot, Durango, Lehigh, and Michelin. It operates through the following segments: Wholesale, Retail, and Contract Manufacturing. The Wholesale segment distributes products through retail stores.